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Crypto News

Japan's Finance Ministry Will Investigate The Viability Of A Digital Yen

Public broadcaster NHK claimed without citing a source that Japan's finance ministry intends to convene an expert group next month to examine the viability of a digital yen. The panel is anticipated to talk about developing a framework for a digital currency using the results of the Bank of Japan's (BOJ) more than two years of proof-of-concept tests. Also, a pilot program for the digital yen was launched, involving the BOJ and other financial players.

coindesk - 1245 ngày trước

Singaporean Women Are Outperforming Males In Cryptocurrency Trading

A survey by crypto exchange Independent Reserve found that Singaporean women are more likely than Singaporean men to profit or at least break on their crypto investments. Compared to 72% of men, 76% of women reported are breaking even on their crypto investments. The study results said that this was the first instance of females exceeding their male colleagues since the introduction of the Independent Reserve Crypto Index in Singapore in 2021.

cointelegraph - 1245 ngày trước

Polygon Will Collaborate With Web3 Infra Protocol To Fight NFT Scams

In order to enable NFT authentication, Wakweli, a Web3 infrastructure protocol that gives certificates of authenticity for nonfungible tokens (NFT), has formally partnered with layer-2 scaling platform Polygon. The recent relationship between the two businesses has opened a clear means to fight fraud attempts by offering a channel for detecting fake non-fungible tokens (NFTs), increasing trust in the burgeoning ecosystem.

cointelegraph - 1245 ngày trước

OKX Seeks To Expand In Australia, Citing Great Interest For Cryptocurrency

Seychelles-based crypto exchange OKX believes Australia is ready to lead the next wave of cryptocurrency adoption as it indicated its intention to expand its cryptocurrency services to Australia. Australia would be a crucial market for the company's future expansion as it serves more than 100 nations. OKX had expanded its operations into Malta in August 2018 and obtained a provisional license in Dubai in July of that same year.

cointelegraph - 1246 ngày trước

Chile Now Offers Crypto Trading Thanks To Latin American E-Commerce Giant, Mercado Libre

By market value, Mercado Libre is the largest e-commerce company in Latin America. Through its digital wallet, Mercado Pago, it has currently made cryptocurrency trading possible in Chile. According to Osvaldo Gimenez, the fintech sector head of Mercado Libre, customers of Mercado Pago in Chile can now exchange bitcoin (BTC) and ether (ETH) for a minimum of 50 Chilean pesos which is about 6 cents, as stated in a LinkedIn post.

coindesk - 1246 ngày trước

Australian Senator Offers A Private Bill To Speed Up Cryptocurrency Regulation

The Australian Parliament received a new bill that proposes rules for the country's crypto service providers which provides a regulatory framework for crypto exchanges, custody services, and stablecoin issuers. To protect users and promote investors, Senator Andrew Bragg introduced a private senators' bill named Digital Assets (Market Regulation) Bill 2023 that includes regulatory suggestions for stablecoins, licensing of exchanges, and custody requirements.

cointelegraph - 1246 ngày trước

Stablecoin Interoperability Pilot Is Launched By Japanese Megabank Mitsubishi UFJ

A stablecoin interoperability pilot has reportedly been launched by domestic blockchain firms and Japanese megabank Mitsubishi UFJ Financial Group. On March 28, Mitsubishi UFJ Trust and Banking said that they were cooperating to develop a platform for seamless transfers and trades across different stablecoins that would be introduced in Japan as it will utilize regional digital currencies that were being considered for launch.

cryptonews - 1246 ngày trước

Rich Dad Poor Dad's Author Claims That Now Is The Best Time To Purchase Bitcoin

The author of the best-selling book "Rich Dad, Poor Dad" and former real estate investor Robert Kiyosaki has shared in a tweet why it makes sense to invest in Bitcoin and other important assets right now. He further confirmed that wealthy brands are on sale and now urges his followers to start investing in "wealthy brands," such as Prada and Polo shares, along with gold, silver, and Bitcoin, before they become more expensive.

U.Today - 1246 ngày trước

The Cryptocurrency Industry Introduced Almost 1,000 New Coins In 2023

Despite intense regulatory pressure in recent months, the cryptocurrency market has shown notable resilience, as evidenced by both the rising values of its most valuable assets and the growth in the number of new cryptocurrencies entering the market. Recent digital asset market data tracking 23,095 cryptocurrencies reveals that 938 new digital assets had been added to the global cryptocurrency market as of March 29, 2023.

Finbold - 1246 ngày trước

Popular Investing Applications Hits A Milestone Of 100 Million Downloads

Recent data shows that six popular investment applications have cumulatively received 131.22 million downloads worldwide since their launch. The downloads span the time between February 2023 and 2015, according to the data. Robinhood has received 50.08 million downloads, or 38% of all downloads for the top neoboker apps combined. Webull is ranked second with 22.52 million downloads, or nearly half of Robinhood's total, and eToro is ranked third with 21.93 million downloads.

Finbold - 1246 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1073 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1073 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1073 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1073 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1074 ngày trước